Life Sciences: Fundraising

(asked on 7th September 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what proportion of life science companies reach their annual and lifetime fundraising limits with the Enterprise Innovation Scheme and Venture Capital Trusts; and if he will publish a comparison with other sectors.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 15th September 2017
HM Revenue and Customs does not currently collect such detailed information on the total amount of tax-advantaged investments received by life science companies using the Enterprise Investment Scheme and Venture Capital Trusts scheme.

All available data related to the Enterprise Investment Scheme and Venture Capital Trusts are available in the annual Enterprise Investment Scheme and Seed Enterprise Investment Scheme Statistics (https://www.gov.uk/government/statistics/enterprise-investment-scheme-and-seed-enterprise-investment-scheme-statistics-october-2016) and the Venture Capital Trusts Statistics (https://www.gov.uk/government/collections/venture-capital-trusts-statistics) publications.

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